Quoted from CrazyLevi:

In failed pinball startups that are gonna lose a bunch of people money, there’s ALWAYS a “this was harder than expected and We are regrouping and won’t rest till all your games are made!” email a few months before the final collapse. This is a tradition going back to the first try of Magic Girl.
The “recapitalization” email was simply a clear signpost and admission that it was over, delivered softly enough to buy a little time. But I think most of us realized it was over for sure when that came out.

Quoted from CrazyLevi:

In failed pinball startups that are gonna lose a bunch of people money, there’s ALWAYS a “this was harder than expected and We are regrouping and won’t rest till all your games are made!” email a few months before the final collapse. This is a tradition going back to the first try of Magic Girl.
The “recapitalization” email was simply a clear signpost and admission that it was over, delivered softly enough to buy a little time. But I think most of us realized it was over for sure when that came out.

Quoted from swinks:

I agree with some of CrazyLevi's points of buying time and then think the phoenix activity of hiring someone to move things around and reduce the money to pay out and write it off as bankrupt and meanwhile have a $1 million of more stashed away.
https://asic.gov.au/for-business/small-business/closing-a-small-business/illegal-phoenix-activity/

Quoted from jokerpoker:

He sure knew what he was doing in the end mate. Scumbag.

Quoted from jokerpoker:

I just can’t believe that Mr SHIT STAIN frankmac can just move on, run his other businesses like nothing has happened. I think it’s criminal that the law allows a CEO or what ever you call him to knowingly ask for money on games he knew wouldn’t be built. Then just move on, how does he sleep at night. I’m so glad I opted out after he first went silent and refused to answer calls and emails. Funny how they were available all hours when he wanted my deposit.
I think if I lived in Melbourne I’d have an old car painted up with “Damien is a liar and a cheat” parked in front of his business for all to see. I wonder how many people would trust him seeing that at the front door. As long as the car was registered it’s not illegal!
Mr SHIT STAIN is right…….SCUMBAG to his friends.

Quoted from jardine:

Why donesn't everyone just start leaving negative Google reviews on his business. Seems a good place to start.

Quoted from swinks:

A few of the numbers getting around a little wrong so thought to compile it something a little better - no names and no addresses. I did round up or down to the nearest dollar.
[quoted image][quoted image]

Quoted from swinks:

I will check and correct - unless one document is slightly different to the other

Quoted from PinballShoppe:

I suppose we can't technically call him a fraud just yet?

Quoted from swinks:

yes, with the companies I selected and copied from pdf to mac spreadsheet and it stuff it up and I missed it - the rest, I did manually - double check me.
have replaced the screenshots above in post 10006

Quoted from jokerpoker:

I just can’t believe that Mr SHIT STAIN frankmac can just move on, run his other businesses like nothing has happened. I think it’s criminal that the law allows a CEO or what ever you call him to knowingly ask for money on games he knew wouldn’t be built. Then just move on, how does he sleep at night..

Quoted from swinks:

I agree with some of CrazyLevi's points of buying time and then think the phoenix activity of hiring someone to move things around and reduce the money to pay out and write it off as bankrupt and meanwhile have a $1 million of more stashed away.
https://asic.gov.au/for-business/small-business/closing-a-small-business/illegal-phoenix-activity/

Quoted from AlanJ:

Lots of talk on here, and some great valid points, but has anyone brought all these to the attention of the liquidator and the authorities in Aus yet?

Quoted from CrazyLevi:

The “recapitalization” email was simply a clear signpost and admission that it was over, delivered softly enough to buy a little time. But I think most of us realized it was over for sure when that came out.

Quoted from Stuieb84:

A minor correction to add, I have the document you got this information from and there is another column for superannuation owed which is missing from your Excel table, so the figures of what's owed to employees is actually much larger.
......one other observation from the document is that Damian and his wife, Georgia are missing from the list of names listed as "the amount the company owes to related employees". It's speculation, but could this mean that either:
* they paid themselves and superannuation in full, but not their employees; or
* alternatively Damian and his wife were never employed by Haggis Pinball pty ltd, but instead employees of Hartsco pty ltd and Haggis pinball pty ltd engaged Hartsco pty ltd for a service, or consulting contract.

Quoted from Grantman:

Yancy was mocking everyone here and continues to blame the victims for the fraud that was committed.

Quoted from oldskool1969:

Don't know about Gillian? I presume you were implying moi? Gilligan

Quoted from swinks:

A few of the numbers getting around a little wrong so thought to compile it something a little better - no names and no addresses. I did round up or down to the nearest dollar.
EDIT - a few errors in the previous ones - so deleted those - and replaced with a corrected version - sorry
thanks to those that messaged me with my mistakes - teaches for doing this after a big day and tied.[quoted image]

Quoted from Haymaker:

think before you type please.
your flippancy may be the detriment of others.

Quoted from applejuice:

The Uk distributor stated on the uk forum (pinball info) he is out around 31K aus not 21K. Just for info..

Quoted from oldskool1969:

Good grief, coming from you.
I can not see why anyone would get offended, but then again I can’t take my hobby too serious.
I keep looking at the title of the thread and wondering if a new one should be started
and all the last content transferred across as some owners do enjoy their game and want
to participate without feeling guilty or accountable for what has happened.
Surely that’s fair, no?

Quoted from Yesh23:

Wondering what the recapitalization email was all about.

Quoted from Haymaker:

Those were your own words, pal. You said people should be careful what they type about the dangers of Haggis because it could hurt people. Now that everyone was right, you say your words had no effect and you're being unfairly targeted. Hypocrisy at its finest. No, nothing you've said or done is fair. The only haggis owners (and one non owner) who anybody has any vitriol toward are the 3 guys who are too dumb to realize what shmucks they've been throughout the entire ordeal. I'm sure you can figure them out. Nobody else should feel guilty or accountable in any way

Quoted from oldskool1969:

Good grief, coming from you.
I can not see why anyone would get offended, but then again I can’t take my hobby too serious.
I keep looking at the title of the thread and wondering if a new one should be started
and all the last content transferred across as some owners do enjoy their game and want
to participate without feeling guilty or accountable for what has happened.
Surely that’s fair, no?

Quoted from meSz:

Just an assumption, it could've been about buying him more time to get everything straight to the point that he could exit Haggis the way he did.

Quoted from oldskool1969:

Good grief, coming from you.
I can not see why anyone would get offended, but then again I can’t take my hobby too serious.
I keep looking at the title of the thread and wondering if a new one should be started
and all the last content transferred across as some owners do enjoy their game and want
to participate without feeling guilty or accountable for what has happened.
Surely that’s fair, no?

Quoted from frankmac:

Blame Mr. Shit Stain aka Mr. Shit Head for this Shit show!

Quoted from blueberryjohnson:

Is the shit stain thing some reference I'm missing?

Quoted from CrazyLevi:

I don't think it's too subtle or deep. Someone just decided to call Damien "Shit Stain" and it's been embraced.

Quoted from blueberryjohnson:

Is the shit stain thing some reference I'm missing?

Quoted from ForceFlow:

Fake. Yancy was trying to be funny I guess?

Quoted from applejuice:

The Uk distributor stated on the uk forum (pinball info) he is out around 31K aus not 21K. Just for info..

Quoted from Ballypinball:

yes owed 3 games

Quoted from blueberryjohnson:

Is the shit stain thing some reference I'm missing?

Quoted from oldskool1969:

Good grief, coming from you.
I can not see why anyone would get offended, but then again I can’t take my hobby too serious.
I keep looking at the title of the thread and wondering if a new one should be started
and all the last content transferred across as some owners do enjoy their game and want
to participate without feeling guilty or accountable for what has happened.
Surely that’s fair, no?

Quoted from CrazyLevi:

Someone just decided to call Damien "Shit Stain" and it's been embraced.

Quoted from blueberryjohnson:

Got it. So just a naughty word and not a reference to an embarrassing trousers photo or something